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Title : Iraqi Prime Minister Haider Al-Abadi: Oil Revenues Are Not High Enough To Rebuild The Country
link : Iraqi Prime Minister Haider Al-Abadi: Oil Revenues Are Not High Enough To Rebuild The Country

Iraqi Prime Minister Haider Al-Abadi: Oil Revenues Are Not High Enough To Rebuild The Country

Photo: A general view shows an Iraqi national flag flown in front of excess gas as its being burnt off, at a pipeline in the newly opened section of the oil refinery of Zubair, southwest of Basra in southern Iraq, on 3 March, 2016 (AFP).

Zainab Calcuttawala, OilPrice.com: Iraq Oil Revenue Not Enough For Sustainable Development

Oil revenues still are not high enough to allow the Iraqi government to fund the reconstruction of the country, according to Iraqi Prime Minister Haider Al-Abadi.

“Oil prices are not at the required level to be used for sustainable development,” state TV quoted al-Abadi as saying during a press conference.

Iraq proclaimed itself victorious earlier this year after a three-year, hard-fought war against the terrorist Islamic State. The victory freed up some money—but not enough—for reconstructing the nation after almost 15 years after the demise of dictator Saddam Hussain and the fall of his regime.

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WNU Editor:  The oil and the wealth that it can bring to Iraq is there .... but the problem has always been the same. Corruption and war/conflict.

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